Seventh Wave Technology announced Monday that it has raised a $1 million second round of funding, led by previous investor Southeastern Technology Fund. Atlanta-based Seventh Wave has raised a total of $4 million. Seventh Wave, a services company, will offer round-the-clock monitoring of a company's IT system and will automatically issue a warning when it detects problems. The company also has tech support personal available 24 hours a day to guide customers through the problems.